DIP Commitment Letter definition

DIP Commitment Letter means that certain Commitment Letter, dated May 13, 2020, by the DIP Lenders, Hornbeck and Hornbeck Offshore Services, LLC.

DIP Commitment Letter means the debtor-in-possession financing commitment letter to be executed among HBK Master Fund L.P., Barclays Bank PLC, Tricap Partners II L.P., the Company and such other parties as may become parties thereto in accordance with the terms thereof, in connection with a proposed secured super-priority debtor-in-possession multiple draw term loan facility to fund the continued operation of the Company’s and its subsidiaries’ business as debtors under any CCAA and related proceedings under the U.S. Bankruptcy Code.

DIP Commitment Letter means the commitment letter setting forth the terms and conditions of the DIP Facility, attached as Exhibit 1 to the Restructuring Term Sheet.

Examples of DIP Commitment Letter in a sentence

• Among other things, the Approval Motions will seek approval of the execution by the Debtors of this Agreement and of the DIP Commitment Letter and the “DIP Loan Documents” referred to therein and authorization for the Debtors to incur and perform their obligations thereunder and hereunder and to execute such other documentation as may be required with respect to the transactions contemplated by such agreements.

• In issuing this DIP Commitment Letter and in arranging and providing the DIP Facility, the DIP Agent, the DIP Arranger and the DIP Commitment Parties will be entitled to use, and to rely on the accuracy of, the Information and Projections furnished to them by or on behalf of the Debtors and their respective Related Persons without responsibility for independent verification thereof.

• Before taking any strategic decisions like launching new products, investments in new types of assets, the impact of such issues on the Company’s liquidity risk profile.

• Cash from the sale of such loans is currently not needed due to the availability of funds available under the DIP Commitment Letter.

• The Companies confirm that advances totalling $1,500,000 have been received from the Interim Lender under the DIP Commitment Letter to date.

More Definitions of DIP Commitment Letter

DIP Commitment Letter means the commitment letter setting forth the terms and conditions of the DIP Facility.

DIP Commitment Letter means the commitment letter (including the exhibits and annexes attached thereto), dated February 1, 2011, between Investor and the Company.

DIP Commitment Letter means the letter dated October 1, 2020, setting out the terms and conditions of a credit facility as between Financing Inc., as borrower, Capital Inc., as guarantor, and the Interim Lender, and approved by the Court under the ARIO and as amended from time to time.

DIP Commitment Letter means the commitment letter for the DIP Facility annexed to the Disclosure Statement as Exhibit F.

DIP Commitment Letter means the letter between IES and BofA setting forth the general terms and conditions of the DIP Facility.

DIP Commitment Letter means one or more commitment letters, each as may be amended, supplemented, or otherwise modified from to time in accordance with each of its terms, entered into between the Debtors and the DIP ABL Lenders and DIP Term Loan Lenders, pursuant to which the DIP ABL Lenders commit to fund the DIP ABL Facility and the DIP Term Loan Lenders commit to fund the DIP Term Loan Facility, as applicable.

DIP Commitment Letter means the commitment letter, as may be amended, supplemented, or otherwise modified from to time in accordance with its terms, to be entered into between the Debtors and the DIP Commitment Parties, pursuant to which the DIP Commitment Parties will commit to fund the DIP Term Loan Facility in an aggregate amount of $500 million in accordance with the terms thereof and the DIP Term Loan Facility Documents.